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LDCs foreign debts amid pandemic should be resolved with development perspective

As nations worldwide fight the coronavirus (COVID-19) pandemic, Least Developed Countries (LDCs) are facing additional risks with a virus-driven debt crisis, according to a recent United Nations report.
Source: | 2020/4/21 4:08:57

China should adjust energy strategy in volatile world

China should adjust energy strategy under anti-globalization trend
Source: Global Times | 2020/4/20 21:58:40

Premature for Trump to restart the US economy

US president Donald Trump will place more precious American lives in harm's way if he stubbornly hastens a reopening of the economy being shut down.
Source: Global Times | 2020/4/19 16:30:42

Chinese economy to embrace resounding rebound in Q2

China's economy in the first quarter of 2020 contracted 6.8 percent year-on-year, as the country was the first to be pummeled by the unexpected outbreak of COVID-19. To save lives, the government ordered all non-essential businesses shut down, which caused a broader revenue plunge across the manufacturing and services sectors – main contributors to the economy.
Source: Global Times | 2020/4/18 19:09:45

Wild-growing capital breeds chaos in Western countries amid pandemic

The novel coronavirus pandemic has drawn the world into an unprecedented disaster which is also a test for countries' survival and management abilities. The chaos that keeps emerging in Western countries amid the outbreak is mostly because of the wild-growing capital force.
Source: Global Times | 2020/4/16 22:38:40

2020 GDP target needed despite stacked downward pressure amid pandemic

Severely impacted by the coronavirus, China's economic growth for the first quarter might fall between negative 5 percent and negative 3 percent.
Source: Global Times | 2020/4/16 19:27:39

Global soybean markets face major virus uncertainty

With the spread of the COVID-19 pandemic, global food supply and distribution have been affected to a certain extent.
Source: Global Times | 2020/4/14 23:03:16

China's banks remain robust amid pandemic

China's banking system has remained robust after two years of reform and risk reduction efforts and can handle bad debt increases brought about by the coronavirus (COVID-19) pandemic. It is unreasonable for western media to allege that rising debt would collapse China's banks, which have taken fewer hits when compared to US banks.
Source: | 2020/4/14 6:00:27

Shifting production out of China would be a big mistake for US, Japanese companies

Recent reports about the US and Japanese governments' campaign to pay their firms to leave China as part of a coronavirus stimulus plan have raised broad concerns about further interruption to the global industrial chain and sabotage of the global economic recovery from the pandemic.
Source: Global Times | 2020/4/13 22:32:25

China's prudent policy easing VS the US' unlimited QE: which one is better?

As countries and regions are rolling out both fiscal and monetary policies aiming to cope with the fallout of the novel coronavirus pandemic. China and the US have shown quite stark differences with the US launching unlimited quantitative easing (QE) which would be less effective than China's policy easing.
Source: Global Times | 2020/4/13 22:32:20

Facing coronavirus scourge, US must put aside animosity

The novel coronavirus continues to churn the world by crushing public health systems and decimating thousands of lives each passing day. As the world's two most resourceful economies, the US and China should join hands in working out better therapeutics and speed up vaccine testing and development.
Source: Global Times | 2020/4/12 18:03:40

Market volatility to ease amid containment efforts

With the coronavirus pandemic stoking unprecedented volatility across varying asset classes globally, a galaxy of investors has lately felt at sea with future directions. Hard-won life lessons of Wall Street influencer Stephen A. Schwarzman (Schwarzman) therefore instantly seem to be a beacon of hope.
Source: Global Times | 2020/4/11 3:18:40

5.6% growth amid virus uncertainty not best option for China

To guarantee pre-set social development goals, China needs to reach GDP growth of 5.6 percent or higher in 2020. However, as global economic uncertainty related to the coronavirus remains high, it may not be the best option for China, which is deeply involved in economic globalization, to strain to achieve that goal.
Source: Global Times | 2020/4/10 21:34:25

Former World Bank's country director for China discusses possible US renege on China debt

As the coronavirus pandemic rips through countries, major economies experienced a significant recession for the first quarter - estimated from negative 3 to negative 10 percent. In an exclusive interview with Global Times (GT), reporter Bai Yunyi talked with Yukon Huang (Huang), a senior fellow at the Carnegie Endowment for International Peace (CEIP) and former World Bank country director. Huang shared his thoughts on how COVID-19 could affect China-US relations and the global political and economic landscape.
Source: Global Times | 2020/4/10 18:23:40

China needs stimulus based on innovative theory

To secure the pre-set social development goals to build a moderately prosperous society this year despite the temporary setback of the coronavirus outbreak, it is crucial for China to set a proper economic growth target and a feasible and efficient policy package backed up by an innovation-based framework.
Source: Global Times | 2020/4/8 21:21:53

Luckin case may damage other US-listed firms

As the coronavirus pandemic sweeps the world, listed Chinese companies are facing another heavy blow dealt by the accounting scandal at Luckin Coffee. Coming at a sensitive time, with global markets fluctuating sharply amid the coronavirus crisis, the Luckin case may become the rotten apple that spoils the barrel - with the credibility of all listed Chinese companies as collateral damage.
Source: Global Times | 2020/4/7 23:03:40

China still needs to hold US Treasury debt

There has been no short of calls for sell-off of US Treasuries in China over the past decade, but such a decision should by no means be a political one.
Source: Global Times | 2020/4/6 20:08:41

China still needs to hold onto US Treasuries

There has been no short of calls for sell-off of US Treasuries in China over the past decade, but such a decision should by no means be a political one.
Source: Global Times | 2020/4/4 15:12:27